Investing in foreign exchange requires a correct and good attitude. We have summarized the lack of investors' long-term mentality and given reasonable suggestions for improvement.
Don't be arrogant when you win, don't be discouraged when you lose, it's fundamental to be calm. Real investment is a long-term process. In this process, victory and defeat always exist at the same time and accompany each other. There are many opportunities in the foreign exchange market, and you can experience many successes and failures every day. When you are constantly succeeding and failing, keep a normal mind, don't be proud when you win, and don't be discouraged when you fail. This is an aspect of trading psychology that is necessary for investing in foreign exchange. Maintaining a sense of normalcy is a huge challenge. Investment is a long-term process. It is far from enough to maintain a normal mind in a short period of time. What is important is persistence.
Don't be afraid of making mistakes, but be afraid of procrastination. It is very important to admit mistakes in time. The self-esteem of ordinary people does not allow themselves to admit their mistakes. If you are wrong, you must stick to it to the end, which is the instinctive reaction of most novices. For a veteran with a successful trading psychology, it is natural to admit mistakes. Someone once made a statistic that among the majority of people who lose money, the number of times they actually make money is more than the number of times they lose money. However, because making money is often making small money, losing money is often losing big money. One loss offsets many profitable transactions, that is to say, the final loss is often caused by one or two big losses, which is the main reason for most people's losses. Therefore, if you are not afraid of mistakes, you are afraid of procrastination. Delay in admitting mistakes is the root of losses, and timely admission of mistakes can free yourself from being passive.
This is also an important point of trading psychology necessary for foreign exchange investment. Loss orders do not stay overnight. Some people use such a principle to guide themselves to admit mistakes in time. If you dare to lose, you dare to win even more. Only when you have an appropriate profit and loss can you make money. Investing in the foreign exchange market has fewer disadvantages such as insider trading and false information in the stock market and futures market. The trading environment is more in line with the principles of fairness, justice and openness, and profits and losses depend more on the investor's operating level.
A successful foreign exchange investor should do: Dare to lose, dare to win even more, neither be afraid to operate because of losses, nor be able to make a small amount of money and settle in pockets. This is the necessary trading psychology for successful foreign exchange investors . In fact, trading is very simple, but investors still need to master good methods, skills and mentality.
Add
